US · PUBM
PubMatic, Inc.
- Sector
- Technology · Software - Application
- Headquarters
- Redwood City, CA 94063
- Website
- pubmatic.com
Price · as of 2025-12-31
$10.23
Market cap 383.94M
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $37.80 | +269.5% |
| Intrinsic Value(DCF) | $4.48 | -56.21% |
| Graham-Dodd Method(GD) | $3.42 | -66.58% |
| Graham Formula(GF) | — | — |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | |||||
| 2012 | |||||
| 2013 | |||||
| 2014 | |||||
| 2015 | |||||
| 2016 | |||||
| 2017 | |||||
| 2018 | |||||
| 2019 | $1.24 | $3.10 | |||
| 2020 | $57.32 | $57.95 | $37.94 | $6.29 | $20.70 |
| 2021 | $19.75 | $86.14 | $260.00 | $10.64 | $65.92 |
| 2022 | $12.95 | $65.45 | $52.77 | $8.15 | $11.29 |
| 2023 | $20.75 | $62.75 | $1.93 | $6.01 | $2.08 |
| 2024 | $9.77 | $68.07 | $1.39 | $6.30 | $4.25 |
| 2025 | $8.18 | $37.80 | $2.06 | $3.42 | $0.00 |
AI valuation
Our deep-learning model estimates PubMatic, Inc.'s (PUBM) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $37.80
- Current price
- $10.23
- AI upside
- +269.5%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$4.48
-56.21% upside
Graham-Dodd
$3.42
-66.58% upside
Graham Formula
—
— upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| PUBM | PubMatic, Inc. | $10.23 | 383.94M | +270% | -56% | -67% | — | -26.59 | 1.46 | 1.36 | 10.17 | — | 1.67 | 63.56% | -6.10% | -5.11% | -5.36% | -9.12% | -2.04% | 0.17 | — | 1.39 | 1.34 | -3.65 | -23478.00% | -286.00% | 9117.00% | 17.35% | 0.22 | 38.90% | 0.00% | 0.00% | 12.67% | -16.39 | 4.24 | 1.00 | 1.42 |
| BKKT | Bakkt Holdings, Inc. | $9.56 | 152.33M | +286% | +15,376,487% | — | — | -0.80 | 2.44 | 0.02 | -0.81 | — | -2.24 | 2.49% | -2.66% | -1.34% | -251.77% | -789.16% | -16.74% | 0.69 | — | 1.33 | 0.46 | 0.19 | -6207.00% | 34739.00% | -6536.00% | -29.32% | -0.15 | -206.30% | 0.00% | 0.00% | 0.00% | -0.72 | -2.77 | 0.02 | 8.12 |
| CMRC | Commerce.com, Inc. | $2.78 | 225.91M | +923% | -59% | — | — | -27.07 | 5.75 | 0.66 | 28.09 | — | -9.49 | 78.75% | -4.74% | -5.65% | -23.00% | -23.24% | -2.58% | 4.21 | -1.62 | 1.98 | 1.77 | 13.58 | -3143.00% | 283.00% | -1656.00% | 8.30% | 0.25 | 26.94% | 0.00% | 0.00% | 4.61% | -15.47 | 13.34 | 0.73 | -1.05 |
| EGAN | eGain Corporation | $9.34 | 255.79M | +373% | -56% | -13% | -57% | 5.68 | 2.27 | 2.07 | 20.71 | 1.61 | 2.71 | 70.12% | 5.01% | 36.47% | 46.33% | 64.43% | 23.32% | 0.05 | — | 1.60 | 1.54 | -9.91 | 35200.00% | -471.00% | -6167.00% | 2.57% | 0.08 | 68.28% | 0.00% | 0.00% | 8.62% | 27.93 | 26.35 | 1.40 | -0.13 |
| FRGE | Forge Global Holdings, In… | $45.00 | 623.01M | -62% | -89% | — | — | -1.75 | 0.53 | 1.50 | -0.38 | — | 1.23 | -43.28% | -103.70% | -83.62% | -27.86% | -64.81% | -23.63% | 0.07 | — | 4.74 | 4.53 | 1.24 | -3042.00% | 1362.00% | -157.00% | -34.71% | -1.61 | -32.56% | 0.00% | 0.00% | 0.00% | -0.33 | -0.66 | 0.35 | -0.20 |
| GRRR | Gorilla Technology Group … | $11.82 | 159.26M | +368% | +868% | — | — | -4.54 | 4.11 | 4.02 | -4.45 | — | 4.28 | 49.96% | -89.65% | -86.77% | -103.89% | -118.47% | -49.11% | 0.30 | -91.39 | 1.68 | 1.30 | -0.01 | -47378.00% | 1542.00% | 13486.00% | -10.36% | -0.39 | -56.16% | 0.00% | 0.00% | 10.23% | -4.26 | -9.16 | 3.82 | 0.33 |
| LAW | CS Disco, Inc. | $3.25 | 203.1M | +655% | -39% | — | — | -4.90 | 1.70 | 1.39 | -2.36 | — | 1.78 | 74.86% | -30.68% | -28.29% | -32.20% | -233.62% | -25.07% | 0.00 | — | 3.78 | 3.47 | 0.45 | -2258.00% | 829.00% | 5602.00% | -8.28% | -0.37 | -87.33% | 0.00% | 0.00% | 0.05% | -2.13 | -5.71 | 0.65 | 0.87 |
| MITK | Mitek Systems, Inc. | $14.58 | 660.71M | +110% | -56% | -77% | -84% | 48.34 | 1.77 | 2.37 | 10.51 | 27.63 | 6.35 | 85.09% | 9.34% | 4.90% | 3.87% | 5.84% | 2.02% | 0.65 | 1.72 | 1.19 | 1.16 | 0.03 | 17496.00% | 442.00% | 7912.00% | 12.74% | 0.26 | 24.88% | 0.00% | 0.00% | 13.85% | 23.07 | 7.15 | 2.16 | 1.70 |
| MTLS | Materialise N.V. | $5.18 | 305.97M | +584% | -33% | -5% | -86% | 35.47 | 1.03 | 1.02 | 7.57 | — | 1.41 | 57.15% | 1.92% | 2.88% | 2.94% | 2.63% | 1.82% | 0.26 | 0.92 | 2.43 | 2.06 | -2.63 | -4348.00% | -363.00% | 7995.00% | 3.48% | 0.25 | 4.87% | 0.00% | 0.00% | 2.55% | 39.49 | 21.36 | 0.76 | 2.14 |
| RMNI | Rimini Street, Inc. | $3.72 | 341.32M | +1,597% | -60% | -54% | -28% | 9.20 | -12.63 | 0.81 | 3.78 | — | -12.63 | 60.40% | 7.84% | 8.80% | -76.91% | -24.38% | 9.37% | -1.03 | 5.19 | 0.86 | 0.74 | -1.40 | -19750.00% | -168.00% | -23179.00% | 16.31% | 0.17 | -61.58% | 0.00% | 0.00% | 31.52% | 7.54 | 4.48 | 0.59 | 0.91 |
| RPAY | Repay Holdings Corporatio… | $2.78 | 253.92M | +909% | +15% | — | — | -51.02 | 0.69 | 1.69 | 8.41 | — | -1.53 | 77.12% | -2.48% | -3.24% | -1.31% | -0.66% | -0.67% | 0.67 | -0.99 | 2.69 | 2.18 | 3.17 | -9106.00% | 553.00% | 16810.00% | 19.94% | 1.47 | 9.48% | 0.45% | -22.70% | 9.45% | -108.98 | 8.05 | 2.71 | 0.41 |
About PubMatic, Inc.
PubMatic, Inc. provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides enterprise-grade management and analytics tools; Openwrap OTT, a header bidding management solution for OTT; Openwrap SDK, a header bidding solution for in-app developers; private marketplace solutions; and media buyer consoles. In addition, it offers Real-Time Bidding (RTB) programmatic technologies, which provides various selling options across screens and ad formats; digital advertising inventory quality solutions to detect and filter out invalid traffic and other nefarious activity; Ad quality solutions targeting the reduction of security issues, quality issues, and performance issues; Identity Hub, an identity solution that allows for the use of any advertiser preferred user identifier in a scaled and privacy-compliant fashion; Audience Encore, an audience data platform; and cross-platform video, a sell side platform, which connects trusted video buyers to premium publishers. The company's platform supports an array of ad formats and digital device types, including mobile app, mobile web, desktop, display, video, over-the-top (OTT), connected television, and media. PubMatic, Inc. was incorporated in 2006 and is based in Redwood City, California.
- CEO
- Rajeev K. Goel
- Employees
- 1.05K
- Beta
- 1.49
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($4.48 ÷ $10.23) − 1 = -56.21% (DCF, example).